The SPDR® S&P 500 ETF (SPDR Trust, Series I, NYSE:SPY - News), The Industrial Select Sector SPDR® Fund (NYSE:XLI - News), SPDR® DJ Wilshire Large Cap Value ETF (NYSE:ELV - News) and SPDR® DJ Global Titans ETF (NYSE:DGT - News) announced today that each Fund received payments as authorized claimants from a class action settlement related to Tyco International Ltd.

The total amount payable to each Fund is listed below. When each Fund calculates its net asset value (“NAV”) per share on Tuesday, March 24, 2009, it is estimated that each Fund’s NAV will be impacted by the receipt of the corresponding payments in the amount stated below based on the shares outstanding as of March 20, 2009.

State Street manages more than $170 billion in SPDR ETF assets worldwide (as of December 31, 2008) and is one of the largest ETF providers in the U.S. and globally.

About State Street Global Advisors

State Street Global Advisors, the investment management arm of State Street Corporation, delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $1.4 trillion in assets under management as of December 31, 2008, State Street Global Advisors has investment centers in Boston, Hong Kong, London, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, Toronto and Zurich, and offices in 27 cities worldwide. For more information, visit State Street Global Advisors at www.ssga.com.

Note to Editors: SPDR® Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs provide professional investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as the industry pioneer, State Street—in partnership with the American Stock Exchange—created the first ETF in 1993 (SPDR S&P 500 – Ticker SPY). Since then, we’ve sustained our place as an industry innovator through the introduction of many ground-breaking products, including first-to-market successes with gold, international real estate, international fixed income and sector ETFs. SPDR ETFs are managed or marketed by SSgA or SSgA Funds Management, Inc, a registered investment adviser and wholly owned subsidiary of State Street Bank and Trust Company.

ETFs trade like stocks, are subject to investment risk and will fluctuate in market value.

Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations, all of which may be magnified in emerging markets.

Frequent trading of ETFs could significantly increase commissions and other costs such that they may offset any savings from low fees or costs.

The “SPDR” trademark is used under license from The McGraw-Hill Companies, Inc. (“McGraw-Hill”). No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by McGraw-Hill. S&P® is a trademark of McGraw-Hill and has been licensed for use by State Street Bank and Trust Company.

Distributor (for SPDR ETFs, except as noted below): State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation.

ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR S&P 500 shares, MidCap SPDRs and Dow Diamonds, all unit investment trusts and Select Sector SPDRs.

References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs.

Before investing, consider the funds’ investment objectives, risks, charges and expenses. To obtain a prospectus which contains this and other information call 1-866-787-2257 or visit www.spdrs.com. Read it carefully.

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State Street Corporation
Marie McGehee, 617-664-1898
or
River Communications
Troy Mayclim, 914-686-5599